Oregon Public Employees Retirement Fund Has $6.27 Million Holdings in Duke Energy Corp (DUK)
Oregon Public Employees Retirement Fund raised its stake in Duke Energy Corp (NYSE:DUK) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,712 shares of the utilities provider’s stock after acquiring an additional 2,801 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Duke Energy were worth $6,270,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DUK. Pinebridge Investments L.P. bought a new position in shares of Duke Energy in the 2nd quarter valued at $500,000. Trust Co. of Virginia VA grew its position in Duke Energy by 11.5% during the 2nd quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock worth $1,129,000 after acquiring an additional 1,392 shares during the last quarter. BlackRock Inc. grew its position in Duke Energy by 2,866.0% during the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock worth $3,502,557,000 after acquiring an additional 41,268,968 shares during the last quarter. IBM Retirement Fund grew its position in Duke Energy by 122.4% during the 2nd quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock worth $1,601,000 after acquiring an additional 9,432 shares during the last quarter. Finally, Meridian Wealth Management LLC grew its position in Duke Energy by 2.0% during the 2nd quarter. Meridian Wealth Management LLC now owns 5,362 shares of the utilities provider’s stock worth $448,000 after acquiring an additional 104 shares during the last quarter. 57.34% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Bank of America restated a “neutral” rating and set a $92.00 price objective on shares of Duke Energy in a research report on Tuesday, October 24th. SunTrust Banks restated a “hold” rating and set a $88.00 price objective on shares of Duke Energy in a research report on Thursday, October 12th. Morgan Stanley boosted their price objective on Duke Energy from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $87.00 price objective on shares of Duke Energy in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $86.90.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same quarter in the previous year, the company posted $1.68 EPS. The business’s revenue was down 1.4% on a year-over-year basis. analysts forecast that Duke Energy Corp will post 4.56 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be given a $0.89 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.04%. Duke Energy’s dividend payout ratio (DPR) is presently 117.49%.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.07% of the company’s stock.
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About Duke Energy
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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